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Postal Realty Trust, Inc. reported its first quarter 2024 results, highlighting the acquisition of 29 USPS properties for $18.5 million, a 14% revenue growth, and positive net income figures. The company also raised funds through an ATM program and OP units, maintained 100% rental collection, and declared a quarterly dividend of $0.24 per share. The CEO expressed optimism about the company's performance and acquisition goals for the year.
Postal Realty Trust, Inc. (NYSE: PSTL) will participate in the BMO Annual Real Estate Conference and Janney Montgomery Scott Virtual Real Estate Conference. The company's CEO, President, and CFO will meet with the investment community to discuss the company's real estate investments primarily leased to the USPS.
Postal Realty Trust, Inc. declared a quarterly dividend of $0.24 per share for the first quarter of 2024, marking a 1.1% increase from the previous year. The dividend will be paid on May 31, 2024, to stockholders of record as of May 8, 2024.
